State Street Corp Purchases 12,373 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

State Street Corp lifted its position in Corsair Gaming, Inc. (NASDAQ:CRSR) by 0.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,631,501 shares of the company’s stock after purchasing an additional 12,373 shares during the period. State Street Corp’s holdings in Corsair Gaming were worth $11,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CRSR. Jacobs Levy Equity Management Inc. bought a new position in Corsair Gaming in the third quarter valued at about $1,094,000. Stifel Financial Corp lifted its stake in shares of Corsair Gaming by 39.6% in the 3rd quarter. Stifel Financial Corp now owns 214,564 shares of the company’s stock worth $1,493,000 after purchasing an additional 60,811 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Corsair Gaming by 85.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company’s stock worth $28,104,000 after purchasing an additional 1,857,532 shares during the period. Intech Investment Management LLC purchased a new position in shares of Corsair Gaming in the third quarter worth approximately $77,000. Finally, Public Sector Pension Investment Board grew its position in Corsair Gaming by 7.0% during the second quarter. Public Sector Pension Investment Board now owns 96,014 shares of the company’s stock valued at $1,060,000 after buying an additional 6,262 shares during the period. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Price Performance

Shares of Corsair Gaming stock opened at $6.41 on Thursday. The company has a market capitalization of $671.13 million, a price-to-earnings ratio of -7.12 and a beta of 1.62. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $6.97 and its 200-day simple moving average is $7.65. Corsair Gaming, Inc. has a 52 week low of $5.59 and a 52 week high of $14.66.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRSR. Barclays decreased their price target on shares of Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Macquarie lowered their target price on Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group cut their price target on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Robert W. Baird decreased their price objective on Corsair Gaming from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Finally, Wedbush reiterated an “outperform” rating and set a $11.00 price objective on shares of Corsair Gaming in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.14.

About Corsair Gaming

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.